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Best Performing Gambling Stocks For 2020

 As the world of online gambling continues to grow, players across the web are heading online for a slice of the action. 

From online bingo to slot machines, playing your favourite games online has never been easier, or more fun! With this in mind, many savvy investors are beginning to show their faith in the online gambling industry by investing in stocks. 

Best Performing Gambling Stocks

Although in recent times the casino business has taken a hit due to the ongoing pandemic, online iterations of gambling have gone from strength to strength. A spokesperson from online bingo site comparison portal Bingosites.com said: “The world of online gambling is thriving. The gambling market is strong right now and the trends all point toward continued growth.”

In this article, we will take a look at the best performing gambling stocks for 2020. From those based in the USA, the spiritual home of the casino, to those doing business elsewhere, we will cover a wide range of companies.

So, without further ado, let’s take a look at our collection of the best performing gambling stocks for 2020.

Las Vegas Sands

As the world’s biggest gambling stock, Las Vegas Sands (NYSE:LVS) is worth a whopping $45 billion. Although the company name would suggest otherwise, only around 10% of LVS worth is invested in the United States, with over 60% of the company’s holdings existing in Macau. Indeed, it is this large presence in Asia (the company also owns Marina Bay Sands in Singapore) which means Las Vegas Sands has remained healthy in 2020 when so many other casino stocks have plummeted.

Why? Well, because Asian nations have on the whole dealt much more effectively with COVID-19, Las Vegas Sands has been able to continue to receive revenue from its major casinos in Macau and Singapore. Of course the company has been impacted by the pandemic, yet nowhere near as hard as many of its competitors with assets solely or primarily in the USA, Europe and other hard-hit regions.

Flutter Entertainment

Another interesting option for those seeking to invest in the gambling stocks world, Flutter Entertainment (OTC:PDYP.Y) is an Irish-based company with a strong presence in the world of online gambling. 

As a result, the company has been largely shielded from the economic woes that have impacted so many during the COVID-19 pandemic. Indeed, since undergoing an all-stock merger with the Stars Group back in the spring, Flutter Entertainment has seen its shares skyrocket by over 28% this year. That’s because the Stars Group merger will see Flutter play an even bigger role in the world of online gambling. Indeed, the company now generates over 85% of its revenue from sports betting, poker and casino games on the internet. For very obvious reasons, this large presence online only looks to serve Flutter extremely well over the coming months. Going forward in a post-pandemic world, online gambling only looks set to grow even larger.